Loans

Nationwide introduces personalised pricing to personal loans

Nationwide has made changes to the way its personal loans are priced by introducing personalised pricing.

PayPal uncovers UK’s £4.71 billion ‘friendship debt’

A year into the credit crunch, research from leading online payment provider PayPal has found that it's not just the banks struggling to reclaim outstanding loans.

Debt worries pile on the pressure

Nearly one in three (30%) UK adults are concerned about their ability to manage their personal debt as the onset of recession piles on the financial pressure, according to research from MoneyExpert.com.

Beware of these five recession vultures

In these tough economic times, many companies will seek to take advantage of vulnerable people for their own gains. Fool.co.uk is warning consumers to read the small print when considering any financial products

Liquidity-on-demand available from Borro.com

Borro.com , UK online pawnbroker, has announced it is increasing the upper limit of its loan range to £1 million to meet the increasing demand from home owners, business owners, property developers and city financiers for liquidity-on-demand.

Debt trade association gets OFT code approval

The Debt Managers Standards Association (DEMSA) has become the first trade body within the debt management industry to successfully secure approval for its code of practice under the OFT Consumer Codes Approval Scheme (CCAS).

Borrowers beware - loan rates at an all-time high

The average cost of a personal loan has crept up to almost double that of base rate since September this year, according to analysis by moneysupermarket.com.

Fear factor driving up demand for PPI

Borrowers are scrambling to protect their loans with PPI before they fall foul of the recession and lose their jobs, says standalone PPI provider Paymentcare.co.uk.

NFDA slams proposed PPI changes

‘Proposed changes to payment protection insurance (PPI) sales that would require a 14 day cooling off period following the sale of finance could make it very difficult for car dealers to sell these products to their customers, and lead to consumers leaving themselves unprotected in the event of an inability to repay a loan,’

Competition Commission's findings into PPI

Commenting on the Competition Commission's findings into PPI, Clare Francis, site editor of price comparison site, moneysupermarket.com, said "PPI has been a cash cow for lenders for too long now and this crackdown is welcome.

CC decision is a victory for consumers, says Which?

As the Competition Commission announces its ‘provisional decision on remedies into the PPI market', Peter Vicary-Smith, Chief Executive of Which? says: "This is a huge victory for consumers who have often felt pressured into buying expensive and inadequate PPI products.